ITI gets credit rating BBB-/Stable and A3 for about Rs 4,221 crore bank facilities
ITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 3.2 pts more than its Telecom - Equipment & Accessories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Infomerics has assigned ITI Limited a credit rating of IVR BBB-/Stable for long-term facilities of Rs 1,450 crore and IVR A3 for short-term facilities of Rs 2,771.39 crore, totalling Rs 4,221.39 crore in bank limits. Facilities are working capital limits from SBI, BoB, Union Bank, Canara Bank, Central Bank, PNB, and Indian Bank. Rating is based on consolidated profile with India Satcom and is valid till February 2027.
First-time rating confirms moderate credit profile. Lowest investment-grade tier limits cost benefits. Stable outlook is neutral for shareholders.